Polar Power, Inc. (NASDAQ:POLA) Short Interest Update

Polar Power, Inc. (NASDAQ:POLA) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 37,300 shares, a decrease of 24.5% from the November 30th total of 49,400 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 40,400 shares, the short-interest ratio is currently 0.9 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Polar Power in a report on Saturday. They set a “sell” rating on the stock.

Hedge Funds Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned approximately 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.10% of the company’s stock.

Polar Power Price Performance

Polar Power stock remained flat at $2.78 during midday trading on Friday. The company had a trading volume of 7,314 shares, compared to its average volume of 19,537. The company’s 50-day moving average is $3.03 and its 200-day moving average is $3.08. Polar Power has a 1 year low of $2.24 and a 1 year high of $4.90. The firm has a market capitalization of $6.98 million, a P/E ratio of -1.20 and a beta of 0.95.

Polar Power Company Profile

Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.